According to a real estate consulting firm CBRE, India’s retail industry recorded strong transaction activity in the second quarter of 2022, spurred by a rebound in consumer physical visits.
Additionally, the sector experienced 1 million square feet of leasing activity in the second quarter of 2022, an increase of roughly 118% QoQ and approximately 363% YoY.
The share of fashion and apparel retailers participating in leasing activities decreased in the second quarter of 2022 from 41% to 38%, whereas homeware, department stores, and the entertainment sector saw increases over the same period. F&B players continued to operate at levels similar to those from a year ago.
In order to ensure long-term success and increase in the consumer base, retailers are likely to keep concentrating on resizing, rightsizing, and relocating their stores.
